Tadawul All Share Index (TASI) rose on Monday, gaining 43 points (+0.39%) to close at 11,158.45. The index opened 1 point below its previous close, but before closing it faced selling pressure, yet remained in the green zone. Overall, 12 out of 21 sectors closed in the green zone, and 134 shares rose while 113 fell. Utilities (+6.5%), Food & Beverages (+8.2%), and Energy (+0.8%) sectors contributed the most to the index rise. Stockwise, ACWA Power (+8.0%), Almarai (+10.0%), and Saudi Aramco (+0.8%) were the major contributors to the index rise. The trading activity witnessed an increase in volume and value of +58% and +59%, respectively, to reach 319mn shares and SAR 7.7bn in value traded.
Market Wrap International:
U.S. equities ended mixed as elevated energy prices and geopolitical tensions weighed on broader risk appetite and kept investor positioning cautious, while technology and semiconductor shares found support from solid corporate earnings, drawing selective buying into the growth segment. Gains in large-cap technology names provided a partial offset to weakness in consumer-facing and cyclical sectors, with the session ending in a narrow, balanced range as investors continued to assess the impact of elevated energy costs on the macro outlook. The S&P 500 gained 0.2%, the Nasdaq rose 0.1%, and the Dow Jones also rose 0.2%.
European equities ended mixed as energy supply concerns and geopolitical uncertainty weighed on risk appetite across the continent and kept investor sentiment cautious, with elevated oil prices adding to inflation concerns and limiting gains in rate-sensitive and consumer-facing sectors. The UK-listed market outperformed, supported by its defensive and energy-linked composition, while French equities led the decline as investors positioned cautiously against a backdrop of mixed regional economic signals. The FTSE 100 rose 0.4%, while the DAX held steady, the CAC 40 dropped –0.8%, and the EURO STOXX 600 was little changed.
Asian markets ended mixed as a broad divergence in performance reflected differing sector exposures and regional sensitivities, with the Korean market leading gains as semiconductor shares advanced sharply on continued momentum from the global artificial intelligence infrastructure cycle. Japanese equities faced headwinds from elevated energy prices and cautious positioning, while mainland Chinese markets firmed modestly and Hong Kong held steady, drawing support from improving economic data amid contained risk appetite. The Nikkei 225 fell –0.5%, while the Hang Seng held steady, the SHCOMP advanced 1.1%, and the KOSPI climbed 4.3%.